Check In: New Construction Condo Inventory

Last time I said that inventory was 69% sold overall; however, I missed a few properties in my roundup. So after adding those in (including several that were previously sold out) it was more like 75% sold two months ago. Today’s totals show inventory is 77% sold overall and in the past two months 54 units have closed, leaving 410 available from a total count of 2,036.

I know the sales teams are going to feel somewhat competitive about these numbers so I’ll refrain from listing a full differential. Instead, I’ll just point out that The Danielle and Harvard & Highland have seen the greatest change in % sold in the past two months which isn’t too surprising since they are both boutique developments with a lower total count in units. In terms of # units closed, Escala and Gallery moved the most inventory.